SubPrime Auto Finance News Staff

Finance companies that use the defi SOLUTIONS platform now have additional tools to combat fraud. PointPredictive, a leading provider of machine learning fraud and misrepresentation solutions, announced on Wednesday that its Auto Fraud Manager 2.0 and DealerTrace 2.0 solutions are immediately available for production... Read More

July auto defaults maintain seasonal pattern

SubPrime Auto Finance News Staff

The seasonal upturn in auto defaults typically seen during the middle month of summer surfaced again based on the latest information from S&P Dow Jones Indices and Experian. According to data through July for the S&P/Experian Consumer Credit Default Indices released on Tuesday, the auto default rate increased 3... Read More

SubPrime Auto Finance News Staff

Nine Hudson Cook attorneys were recently selected for inclusion in the 2019 edition of The Best Lawyers in America, up from five recognized a year ago. Attorneys named to The Best Lawyers in America were recognized by their peers in the legal industry for their professional excellence in 145 practice areas. For the 2019... Read More

SubPrime Auto Finance News Staff

Millennium Capital and Recovery Corp. sees its latest partnership as the combination of “intelligent automation and human ingenuity.” The provider of nationwide recovery management and related services as well as the lead sponsor of Repo Con at Used Car Week announced it recently formed a strategic... Read More

SubPrime Auto Finance News Staff

PAR North America recently held an event to honor 15 of the best repossession operations in the country and generated funds to help agents who sustain negative consequences that sometimes come with the job. The business unit of KAR Auction Services handed out accolades for Agent of the Year, Resolution and Compliance... Read More

Mike Levison, ALS Resolvion

Over the past year, the handling of personal property and redemption fees has become one of the hottest compliance topics in the industry. It is on the radar screen of virtually every auto finance company in the country, as well as the regulators. Most of this interest is sparked by Consumer Financial Protection Bureau... Read More

SubPrime Auto Finance News Staff

Payment technology provider BillingTree recently announced Jason Hiland has been appointed vice president of sales and business development for ARM and financial services. In this newly created position, Hiland oversees sales operations and initiatives to expand electronic payment and technology adoption to a broader... Read More

Blair Evans, Baker Donelson

Senior U.S. District Judge for the Southern District of New York Loretta Preska issued an opinion on June 21 that has set the consumer finance world atwitter, sparking discussions of a potential review by the Supreme Court. In her opinion, Preska, a 1992 George H.W. Bush appointee, ruled that the structure of the... Read More